Pre-2005 notes to go out of currency from March 31 | Reserve Bank of India | Metro Journalist

Pre-2005 notes to go out of currency from March 31 | Reserve Bank of India | Metro Journalist

For treasure gatherers and having black money in stock, the carpet under feet would surely be slipped as the Reserve Bank of India (RBI) has dispatched a notice urging people to return the banknotes those have been issued by the bank before 2005. The notice declaring the last date to deposit the currency would last till March 31. During this period, deposited currency could be replaced with the new ones. This healthy initiative of the supreme banking identity, i.e. RBI, would draw out black money and fake currency that is in circulation. As per directions of the central bank, this regime would begin from April 1 so that the public can be enabled to exchange the old currency…

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Posted on January 23, 2014, in Business and tagged , , , , , , , , , . Bookmark the permalink. Leave a comment.

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